Re: Eliminating competition: The Zeitgeist of the late 90's

[Brett Glass <brett@lariat.org>]

At 06:23 PM 7/25/98 -0400, Mitch Stone wrote:

>Very interesting, Brett. You've hinted at a somewhat cheerier alternative 
>to my predictions of a highly regulated technology marketplace. But I 
>wonder (having teased us with the idea), how do you see the SEC model 
>being implemented?

Interesting question, and I'd welcome dialogue on this. However, the "big
picture" difference between the SEC model and others is that the goal, from
the outset, is to "make" the market, make it fair, stabilize it against
panics, and then leave it be. The SEC pointedly ignores any attempt to
tilt the playing field. Those who monitor antitrust issues and business
practice should be equally impartial umpires -- scrupulous about conformance
to the rules but absolutely willing (in fact, eager) to allow the game to be 
played without any intervention if those rules are followed.

--Brett Glass